{"id":1346,"date":"2021-11-06T10:27:21","date_gmt":"2021-11-06T14:27:21","guid":{"rendered":"https:\/\/www.hodlin.com\/blog\/?p=1346"},"modified":"2021-11-06T10:42:06","modified_gmt":"2021-11-06T14:42:06","slug":"squid-game-token-holders-rugged","status":"publish","type":"post","link":"https:\/\/www.hodlin.com\/blog\/squid-game-token-holders-rugged","title":{"rendered":"Squid Game Token Holders Rugged, Binance Launches an Investigation"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2021\/11\/squid-game-token-holders-rugged-1200x675.jpg\" alt=\"Squid Game Token Holders Rugged\" class=\"wp-image-1347\" title=\"\" srcset=\"https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2021\/11\/squid-game-token-holders-rugged-1200x675.jpg 1200w, https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2021\/11\/squid-game-token-holders-rugged-780x439.jpg 780w, https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2021\/11\/squid-game-token-holders-rugged-768x432.jpg 768w, https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2021\/11\/squid-game-token-holders-rugged-1536x864.jpg 1536w, https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2021\/11\/squid-game-token-holders-rugged-2048x1152.jpg 2048w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption>Squid Game Token Holders Rugged<\/figcaption><\/figure>\n\n\n\n<p>Meanwhile, Binance\u2014the world&#8217;s largest exchange by client count\u2014has <a href=\"https:\/\/www.barrons.com\/articles\/squid-game-crypto-crash-binance-investigating-51635969488\" data-type=\"URL\" data-id=\"https:\/\/www.barrons.com\/articles\/squid-game-crypto-crash-binance-investigating-51635969488\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">opened an inquiry<\/a> in what may turn to be a rug pull on the Squid Game token (SQUID) holders.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.hodlin.com\/coins\/binance-coin\" data-type=\"URL\" data-id=\"https:\/\/www.hodlin.com\/coins\/binance-coin\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Binance Smart Chain (BSC)-based<\/a> SQUID dominated headlines recently when the token soared a record 450X before dumping in subsequent sessions.<\/p>\n\n\n\n<p>The token which rode on the success of the widely popular Netflix Series, Squid Game, has now been blacklisted by Binance.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Crypto s*** coin rug pull <a href=\"https:\/\/twitter.com\/hashtag\/SquidGameToken?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">#SquidGameToken<\/a>  LIVE! <a href=\"https:\/\/twitter.com\/hashtag\/shib?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">#shib<\/a> is next<a href=\"https:\/\/twitter.com\/search?q=%24squid&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">$squid<\/a> <a href=\"https:\/\/t.co\/mdauJNfHvb\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">pic.twitter.com\/mdauJNfHvb<\/a><\/p>&mdash; SimonZ (@SimonZawa) <a href=\"https:\/\/twitter.com\/SimonZawa\/status\/1455107386583232513?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">November 1, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Their initial investigation revealed that the token creators are using Tornado Cash\u2014a coin mixer&#8211; to conceal their traces, raising concerns.<\/p>\n\n\n\n<p>The exchange is now convinced SQUID token holders have been rugged and have been actively blocking addresses belonging to the project creators.<\/p>\n\n\n\n<p>At the same time, they are using an on-chain analytics tool to help track the perpetrators in the hopes of recovering funds and subsequently offering recourse for affected holders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meanwhile, Binance\u2014the world&#8217;s largest exchange by client count\u2014has opened an inquiry in what may turn to be a rug pull on the Squid Game token (SQUID) holders. The Binance Smart Chain (BSC)-based SQUID dominated headlines recently when the token soared a record 450X before dumping in subsequent sessions. The token&#8230; <a class=\"more-link\" href=\"https:\/\/www.hodlin.com\/blog\/squid-game-token-holders-rugged\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":1347,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[136,135,137],"class_list":["post-1346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-rug-pull","tag-squid-game-token"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/posts\/1346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/comments?post=1346"}],"version-history":[{"count":3,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/posts\/1346\/revisions"}],"predecessor-version":[{"id":1351,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/posts\/1346\/revisions\/1351"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/media\/1347"}],"wp:attachment":[{"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/media?parent=1346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/categories?post=1346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/tags?post=1346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}